Buggana Rajendranath Reddy, a former finance minister of Andhra Pradesh, has criticized the TDP-led coalition government. He claims that they have put the state in a financial mess by borrowing too much money and not keeping their promises. In a press statement on Sunday at the Hyderabad Press Club, Buggana shared shocking numbers, stating that the state has borrowed an astonishing Rs 1,12,750 crore in just six months. This is a record amount for Andhra Pradesh. He warned that this mountain of debt could hurt the state’s finances and make it hard for future generations.
Buggana compared the current TDP government to the previous YSRCP government, saying they were more responsible with money and focused on helping the people. He mentioned that from 2019 to 2024, YSRCP kept the state’s debt growth at an average of 15.61%, which is much better than the 19.54% debt growth under the TDP from 2014 to 2019. He criticized the TDP for poor financial management and questioned their commitment to real development.
He also took aim at Chandrababu Naidu, the TDP leader, for his flashy future plans, like the new Vision-2047 document. Buggana compared it to past grand promises like Vision-2020 and Sunrise Andhra Pradesh, calling them empty words that don’t deliver real results. He said Naidu’s leadership has not produced anything significant, and he sees the same pattern with the current administration’s performance.
Buggana pointed out that the TDP has failed to implement its so-called Super Six promises, such as unemployment benefits and free gas cylinders, leaving them as nothing but election slogans. He highlighted that the government has borrowed even more money off their official budget, like an extra Rs 31,000 crore for Amaravati development. This secretive debt will only add to the state’s financial problems.
The former finance minister expressed frustration at some media outlets, claiming they are silent on these issues and do not hold the current government accountable. He drew a clear line between this and YSRCP governance, emphasizing that his party treats its manifesto seriously and has fulfilled promises like Amma Vodi, Rythu Bharosa, and Aasara — which have put over Rs 4.2 lakh crore directly into the hands of the people.
In closing, Buggana Rajendranath Reddy urged the public to keep a close eye on the TDP-led government’s actions and hold them responsible for their excessive borrowing and lack of clear communication. He assured that YSRCP is dedicated to the welfare of the people and good governance, urging everyone to look past propaganda and focus on the real facts.
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